Tag Archives: politics

As announced by the U.S. Department of Education April 6th: “An extension of the pause on student loan repayment, interest, and collections has been made through August 31, 2022. This is done to allow for the economy to continue to improve and COVID cases continue to decline. President Biden has made clear the continuing need to respond to the pandemic and its economic consequences, as well as to allow for the responsible phase-down of pandemic...

Coronavirus dashboard for April 5: BA.2 likely only causes a ripple; and on track for record low daily deaths This is a good time to look at the impact – or, better speaking, the lack thereof – of the BA.2 Omicron variant in the US. Nationwide the 7 day average was 28,961 yesterday: This is the lowest since last July, and lower than all but about 3.5 months since the end of March 2020. Only late spring 2020 and from mid-May through...

You had to be around in 1973 to understand what happened when the Middle East decided to cut back on oil. At first, they thought the US would react harshly and invade. We did not. Instead, there were long lines where I lived. If I was near my university on the outskirts of Chicago, the lines did not exist. So, I would fill up my Datsun 510 and scoot home. At times I would take a gas can with me, get it filled, so we could fill up the tractor at...

I am thinking about computers taking over the world. Given my age, for me, the classic reference is “Terminator” in which “SkyNet” becomes self aware and takes over the world. As made movie sense at the time SkyNet was a US Department of Defence project as was the ARPAnet mother of the mother of the mother of the World Wide Web. Frankly, I find that implausible now. If it were a DOD project, Congress would have appropriated funds to start it, then...

This might be a very long confused post or might be a series of confused posts. I am trying to think about what to do about Putin (assuming he isn’t overthrown in a palace coup). My first thought was that this is not time for increased military spending . The Russian military turns out to be much less capable than we thought. There is no reason to guess that the Chinese, North Korean, Iranian, or other potential trouble maker militaries are...

by Joseph Joyce When Safe Assets Are No Longer Safe The U.S. has long benefitted from its ability to issue “safe assets” to the rest of the world. These usually take the form of U.S. Treasury bonds, although there was a period before the 2008-09 global financial crisis when mortgage-backed securities with Triple A ratings were also used for this purpose. The inflow of foreign savings has offset the persistent current account deficits, and put...

The worse the outcome of a Russian victory in Ukraine, the stronger the case for providing Ukraine with the weapons and supplies it needs to defeat the Russian invasion.  Russian atrocities clearly strengthen the case for arming Ukraine.  The very real prospect of ethnic genocide following a Russian victory strengthens the case further: Yesterday, RIA Novosti published a lengthy piece titled "What Russia should do with Ukraine", which...

RJS, Focus on Fracking US oil supplies are at a 14 – year low; commercial crude supply at a 42 month low, SPR at a 19½ year low; total oil + products supplies at a 95 month low The Latest US Oil Supply and Disposition Data from the EIA US oil data from the US Energy Information Administration for the week ending March 25th indicated that even after a big decrease in our oil exports, we had to take oil out of stored commercial crude supplies...

 The Road to SerfRanddom I have always enjoyed chapter 10 of Friedrich Hayek’s Road to Serfdom — “Why the worst get on top.” Always referring to the last quarter century or so since I first read it. Hayek’s argument struck me immediately as  watertight but I was puzzled that he seemed to exempt his own preferred collective from his argument. Maybe he just wanted to slip it past the unwary? Individuals may be individuals but individualists are a...

A bold step forward yesterday as taken by a Federal Judge striking down much of the new election law passed by the Florida legislature, after the 2020 election, and under the guise of nonexistent fraudulent voting activity in Florida. The main thrust of passing this bill was to make it harder for minorities and others who might vote for non-Republican candidates to vote. As Tallahassee, Florida Federal District Judge Tom Walker wrote in his 288-page...